Housing Prices Still Too High? Rightly Taking a Swipe at NAR

If you are a regular reader of this blog, you’ll know that I’m not a big fan of hyping the real estate market back into recovery. The banking industry, unemployment and the economy in general, still will have a large impact on home values over the next 3 to 5 years. It is not popular in my industry to not hype the advantages of home ownership. I am excited about the super low interest rates and the ability to get loans very close to the 4% range these days, a word of caution always needs to be included in the discussion. My word of caution is if you buy home today, plan on staying for a while before you see a significant increase in the value of that property.

Barry Ritholz, the author of The Big Picture Blog, as seen in this interview below on Yahoo Finance Tech Ticker. If it seems that Barry is taking a swipe at NAR, well maybe NAR deserves it, as I never seem to see any news come from NAR that isn’t always rosy.

Tough markets, down markets and depressed markets should not be scary or seen as a negative. It should be seen as an opportunity. Taking opportunity in these markets can be very rewarding if approached with proper research and patience.

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Author – Ted Mackel Simi Valley Real Estate Agent – Keller Williams Realty

Ted Mackel is a top producer at Keller Williams Realty Simi Valley,

specializing in Simi Valley Real Estate

(805) 432-7705